Best Quotes for Chevy Cobalt Insurance in Tampa

How many times have you put off comparing quotes for lower-priced Chevy Cobalt insurance in Tampa? Trying to come up with a payment for expensive auto insurance can overdraw your monthly budget and make it hard to pay other bills. Doing a rate analysis is an excellent way to cut your insurance bill.

It’s easy to assume that auto insurance companies want to keep your business as long as possible. Consumers who compare other rates will presumably buy a new policy because of the high probability of finding a lower-priced policy. A recent survey revealed that consumers who shopped around annually saved on average $3,450 over four years compared to people who never shopped around.

If saving money on insurance is your goal, then having a good understanding how to find and compare coverage rates can help simplify the task of finding more affordable coverage.

Multiple auto insurance companies compete to insure your vehicles, and it can be difficult to compare rates to discover the definitive lowest rate possible on Chevy Cobalt insurance in Tampa.

If you have a current auto insurance policy, you will surely be able to shop for the lowest rates using this information. Buying the cheapest auto insurance in Tampa is not that difficult as long as you know where to start. Although Florida consumers need to have an understanding of the way companies determine premium rates because it can help you find the best coverage.

Do you qualify for these eight discounts?

Companies offering auto insurance don’t list every discount available very well, so the below list has some of the more common as well as some of the hidden discounts that you may qualify for.

• Senior Citizen Discount – Drivers that qualify as senior citizens are able to get lower premium rates.
• Accident Forgiveness – Not a discount per se, but companies like Liberty Mutual and GEICO will forgive one accident before your rates go up as long as you don’t have any claims prior to being involved in the accident.
• Switch and Save Discount – Select larger companies give a discount for renewing your policy early. It’s a savings of about 10%.
• Safety Course Discount – Taking time to complete a defensive driving course can save you 5% or more if your company offers it.
• E-sign – A few insurance companies provide a small discount for signing up on the web.
• Government Employee Discount – Having worked for a branch of the government can earn a discount up to 10% depending on your insurance provider.
• ABS Braking Discount – Cars, trucks, and SUVs that have anti-lock braking systems can avoid accidents and will save you 10% or more on Cobalt insurance in Tampa.
• Auto/Life Discount – If the company offers life insurance, you could get a break if you buy life insurance from them.

We need to note that most credits do not apply to the overall cost of the policy. Most only cut the price of certain insurance coverages like comp or med pay. So despite the fact that it appears you could get a free insurance policy, you aren’t that lucky. But all discounts will positively reduce the cost of your policy.

The illustration below compares Chevy Cobalt car insurance costs with and without some available policy discounts. The costs are based on a male driver, a clean driving record, no claims, Florida state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, multi-car, marriage, safe-driver, and homeowner discounts applied.

A few of the larger companies and a partial list of their discounts are outlined below.

• Progressive may include discounts for good student, homeowner, multi-vehicle, online quote discount, online signing, multi-policy, and continuous coverage.
• Farmers Insurance discounts include early shopping, alternative fuel, homeowner, bundle discounts, pay in full, mature driver, and distant student.
• Farm Bureau offers discounts including multi-vehicle, renewal discount, driver training, safe driver, and good student.
• State Farm offers discounts for Drive Safe & Save, good driver, accident-free, anti-theft, and Steer Clear safe driver discount.
• GEICO may have discounts that include seat belt use, driver training, air bags, anti-theft, defensive driver, five-year accident-free, and federal employee.
• SAFECO has savings for anti-lock brakes, accident prevention training, homeowner, safe driver, and drive less.
• Liberty Mutual offers premium reductions for newly married, multi-car, new vehicle discount, new move discount, good student, and preferred payment discount.

If you need lower rates, check with each company to apply every possible discount. Some credits might not be available to policyholders everywhere. If you would like to view insurance companies that offer discounts in Florida, click here.

The method we recommend to compare rate quotes for Chevy Cobalt insurance in Tampa is to know the fact most larger insurance companies participate in online systems to give you rate quotes. All you need to do is take a few minutes to give details like whether the vehicles are used for commuting, coverage limits, the year, make and model of vehicles, and your general credit rating. That rating data is sent automatically to multiple different insurance companies and you should receive rate quotes immediately.

If you would like to compare rates now, click here and complete the quick form.

The companies in the list below are ready to provide price comparisons in Florida. If you want cheap car insurance in Tampa, it’s highly recommended you compare several of them in order to find the cheapest rates.

Chevy Cobalt insurance statistics and information

The premium table displayed next outlines estimates of insurance premium costs for Chevy Cobalt models. Having insight into how insurance policy premiums are established can be valuable when making smart choices when buying a policy.

Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Information does not factor in Tampa location which can change premiums considerably.

Raise deductibles and save

One of the most common car insurance questions is how high should the deductibles for physical damage be. The rates below illustrate the price difference between low and high physical damage deductibles. The first data set uses a $100 physical damage deductible and the second price chart uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Premium costs do not factor in garaging location in Tampa which can change insurance rates considerably.

Based on the data above, we can derive that using a $100 deductible costs roughly $32 more each month or $384 every year than quoting the higher $500 deductible. Because you would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you tend to average at a minimum 13 months between claims, you would more than likely save some money if you choose a higher deductible.

The illustration below highlights how deductible choice and can impact Chevy Cobalt insurance prices for different categories of driver ages. The information is based on a married female driver, full physical damage coverage, and no additional discounts are factored in.

Accidents and violations increase rates

The information below illustrates how speeding tickets and fender-benders can drive up Chevy Cobalt car insurance rates for each age group. The data assumes a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are factored in.

Liability only or full coverage

The chart below compares Chevy Cobalt insurance costs with and without physical damage coverage. Data assumes no tickets, no at-fault accidents, $500 deductibles, single status, and no discounts are applied.

When to stop buying full coverage

There is no definitive rule of when to drop full coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is more than about 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.

For example, let’s assume your Chevy Cobalt replacement cost is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $5,000 after you pay the deductible. If premium cost is more than $500 a year for full coverage, the it may be a good time to stop paying for full coverage.

There are some circumstances where removing full coverage is not financially feasible. If you still owe a portion of the original loan, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not remove full coverage.

Insurance agents can find coverage gaps

Many drivers still like to buy from a local agent and that can be a smart move One of the great benefits of getting free rate quotes online is the fact that drivers can get cheap car insurance quotes but still work with a licensed agent. Buying from and supporting local insurance agents is important particularly in Tampa.

After completing this quick form, your insurance data is sent to companies in Tampa who will give you bids and help you find cheaper coverage. There is no need to find an agent since price quotes are sent to you instantly. You can most likely find cheaper rates and an insurance agent to talk to. If you have a need to get a price quote for a specific company, don’t hesitate to jump over to their website to submit a rate quote request.

Choose an insurance agent wisely

If you want a reliable agent, it’s important to understand the different agency structures and how they can write your policy. Car insurance agents can be described as either exclusive or independent agents depending on their company appointments.

Independent Car Insurance Agencies

Agents of this type are not required to write business for one company and that gives them the ability to insure with lots of companies and potentially find a lower price. If you are not satisfied with one company, they can switch companies in-house and the insured can keep the same agent. If you need cheaper car insurance rates, you absolutely need to check rates from several independent agencies to get the best comparison.

Featured below is a list of independent insurance agencies in Tampa that can give you free price quotes.

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Exclusive Car Insurance Agencies

Exclusive agencies write business for a single company and some examples include Farmers Insurance, Allstate, or State Farm. Exclusive agents cannot give you multiple price quotes so you need to shop around if the rates are high. Exclusive insurance agents are highly trained on sales techniques which helps them compete with independent agents.

The following is a list of exclusive agents in Tampa that can give you comparison quotes.

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Picking an car insurance agent should depend on more than just the price. Before buying a policy in Tampa, get answers to these questions.

• Do clients work directly with the agent or are most inquiries handled by a CSR?
• Does the company have a solid financial rating?
• Can you get a list of referrals?
• Which insurance companies are they affiliated with?
• Are they full-time agents?
• Do they have 24-hour customer assistance?

Tampa auto insurance companies ranked

Finding a high-quality auto insurance company can be a challenge considering how many companies sell coverage in Florida. The ranking data in the lists below may help you select which car insurance providers to look at comparing rate quotes with.

Top 10 Tampa Car Insurance Companies Ranked by Claims Service

1. Travelers
2. Nationwide
3. Allstate
4. State Farm
5. Liberty Mutual
6. GEICO
7. American Family
8. Esurance
9. Titan Insurance
10. AAA Insurance

Insurance coverages 101

Learning about specific coverages of a insurance policy helps when choosing appropriate coverage for your vehicles. The coverage terms in a policy can be confusing and coverage can change by endorsement. Below you’ll find the normal coverages available from insurance companies.

Comprehensive coverages

This will pay to fix damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as fire damage, theft and vandalism. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses such as hospital visits, surgery, prosthetic devices and nursing services. The coverages can be used in conjunction with a health insurance program or if you do not have health coverage. They cover you and your occupants and will also cover being hit by a car walking across the street. PIP coverage is not universally available and gives slightly broader coverage than med pay

Liability

Liability coverage protects you from damage that occurs to other people or property. This insurance protects YOU against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 10/20/10 that means you have a $10,000 limit per person for injuries, a per accident bodily injury limit of $20,000, and a limit of $10,000 paid for damaged property. Another option is one number which is a combined single limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability insurance covers claims such as emergency aid, repair costs for stationary objects, bail bonds and funeral expenses. How much coverage you buy is a personal decision, but buy higher limits if possible. Florida requires minimum liability limits of 10/20/10 but you should think about purchasing more coverage.

The chart below shows why low liability limits may not provide adequate coverage.

Collision coverage protection

Collision coverage covers damage to your Cobalt caused by collision with an object or car. A deductible applies then your collision coverage will kick in.

Collision coverage pays for things like damaging your car on a curb, rolling your car, crashing into a ditch and sustaining damage from a pot hole. This coverage can be expensive, so you might think about dropping it from lower value vehicles. You can also bump up the deductible on your Cobalt to save money on collision insurance.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as damage to your Chevy Cobalt.

Since many Florida drivers have only the minimum liability required by law (10/20/10 in Florida), it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Frequently the UM/UIM limits do not exceed the liability coverage limits.

The best insurance company isn’t always the cheapest

You just read a lot of tips how to lower your Chevy Cobalt insurance premium rates in Tampa. The key thing to remember is the more rate quotes you have, the more likely it is that you will get a better rate. Consumers could even find that the most savings is with a company that doesn’t do a lot of advertising. These companies can often insure niche markets at a lower cost as compared to the big name companies such as State Farm or Progressive.

When searching for cheaper Tampa auto insurance quotes, it’s not a good idea to reduce needed coverages to save money. There have been many cases where an accident victim reduced uninsured motorist or liability limits only to regret at claim time they didn’t have enough coverage. Your focus should be to buy a smart amount of coverage at a price you can afford but still have enough coverage for asset protection.

How to find affordable quotes for Chevy Cobalt insurance in Tampa

To save the most money, the best way to quote cheaper Chevy Cobalt insurance is to start comparing rates regularly from insurers who sell auto insurance in Tampa. You can compare rates by completing these steps.

• First, take a few minutes and learn about what coverages are included in your policy and the modifications you can make to prevent expensive coverage. Many factors that drive up the price such as speeding and an unfavorable credit rating can be rectified by making minor changes to your lifestyle.
• Second, obtain price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from a single company like Progressive or Farmers Insurance, while independent agents can quote prices from multiple sources.
• Third, compare the price quotes to the premium of your current policy to see if a cheaper price is available. If you can save money, verify that coverage does not lapse between policies.
• Fourth, provide written notification to your current company to cancel your current coverage and submit a completed application and payment for the new policy. Be sure to place the new proof of insurance paperwork in an accessible location in your vehicle.

One important bit of advice is to compare similar limits and deductibles on each price quote and and to compare as many auto insurance providers as possible. Doing this enables the most accurate price comparison and a complete rate analysis.

For more information, link through to the following helpful articles:

• Crash Avoidance Technologies FAQ (iihs.org)
• What Insurance is Cheapest for Homeowners in Tampa? (FAQ)
• How Much are Auto Insurance Quotes with Multiple Speeding Tickets in Tampa? (FAQ)
• Who Has the Cheapest Tampa Auto Insurance for a Toyota Camry? (FAQ)
• Who Has Cheap Auto Insurance Rates After a Speeding Ticket in Tampa? (FAQ)
• Who Has Cheap Car Insurance Quotes for Ride Shares in Tampa? (FAQ)
• Who Has Cheap Auto Insurance for a School Permit in Tampa? (FAQ)
• Who Has Cheap Auto Insurance Quotes for Drivers Over Age 70 in Tampa? (FAQ)
• Who Has Cheap Tampa Car Insurance for Welfare Recipients? (FAQ)
• Credit and Insurance Scores (Insurance Information Institute)
• Distracted Driving Extends Beyond Texting (State Farm)
• Keeping Children Safe in Crashes Video (iihs.org)